South African Consortium Now In Mix For Newcastle?

It’s Sunday so there must be another takeover story on Newcastle United surely?

Yes there, and this time it’s a South African consortium has expressed an interest in taking over the famous Tyneside club from Mike Ashley at Newcastle. But the news is in the News Of The World.

We know that there has already been contact with a group of Nigerian businessmen, but a rival consortium seems to now have emerged, which isn’t surprising as these deals come to a close.

Reports suggest the British-based businessmen have put together a £350M deal, although they have yet to hold formal talks with the club.

A spokeman said:

“We are serious about Newcastle, we believe they are an iconic institution who deserve to be run professionally,”

The spokesman added that Keegan was the key to the group taking control, with Alan Shearer also in their thoughts.

He continued:

“Kevin is integral to our plans. We want Kevin to be fully committed to the team and we hope to find a role for Alan Shearer.”

“We are not personalities. We like to be in the background, we need to be in the background.”

The South African consortium want to keep their actual identity a secret, but they have been successful in the past in taking well known brands and rejuvenating them. Hey, that sounds what we need at Newcastle.

The spokesman added:

“The existing management structure has not worked so we’ll pay Mike Ashley what it takes to get rid of him.”

“The level of expertise we have is in discovering the real problem preventing success. We want to find the root problem and turn the club around.

“We will give the Newcastle fans what they want.”

Good words from the spokeman, but if someone asked us about a takeover at Newcastle right now, or we were making up a story on this, those are the type of words we would use.

So there’s really no way of knowing if this story is true, and if we were pushed we’d say it’s a very dubious story, until more proof is given.

But just think – if these stories are anywhere near true Ashley will make over £100M in his time in charge. That’s some financial reward for almost wrecking our club.

Comments welcome.

27 comments so far

  • shanners

    Sep 28, 2008 at 11:30 AM

    Comment #1

    this is great news but will they be spalshing the cash like man city will be in the january transfer window?

  • golden xisco

    Sep 28, 2008 at 11:30 AM

    Comment #2

    sounds alright but its notw ??

  • dougnufc

    Sep 28, 2008 at 11:32 AM

    Comment #3

    “We’ll pay Mike Ashley what it takes to get rid of him.”

    Well done

  • t00nL00ney27

    Sep 28, 2008 at 11:34 AM

    Comment #4

    Last weekend I told you all the club had in fact been SOLD as I have a source very close to Freddy Flethcher. Can you see now that I was not winding anyone up as the sale of the club will be completed in the next couple of weeks. I expect an appology for those who rubbished my claim and told me to shut up!!

  • sirjasontoon

    Sep 28, 2008 at 11:34 AM

    Comment #5

    Sounds like a load of tripe to me.

  • gorskino10

    Sep 28, 2008 at 11:34 AM

    Comment #6

    Anyone buy that money grabbing twong outta our club.

  • Gooderz

    Sep 28, 2008 at 11:35 AM

    Comment #7

    When MA declared e was selling up he said that he would only sell to the right people for the good of the club. If he really had the club’s interests at heart he would accept a price around the club’s actual value on the premise that the excess goes into the transfer kitty.

    So should he make a huge profit, perhaps we could mount a class action suit or something based around his general shoddy running of the club, or at least the defamatory comments he has made, and get that money back for the club.

  • Spyro - Taylor is garbage

    Sep 28, 2008 at 11:36 AM

    Comment #8

    This IS tripe, it came from NOTW for crying out loud.

  • Toon_Phil

    Sep 28, 2008 at 11:40 AM

    Comment #10

    Whether there Africans or South Africans does it really matter?

    I cant imagine us having major money with either!

    DIC or Ambani is my dream but looks like that dreams dead!

  • murvar

    Sep 28, 2008 at 11:40 AM

    Comment #11

    This is much more promising than the N igerian scam, and much more likely to be effective. I just hope it is done quickly. I still fail to understand why Wise is favoured over KK – what has he got on the owner? As one of our local journalists said yesterday – what has wise offered apart from his playing days connections? What has Jimenez offered apart from his Spanish connections? This is supposed to be a world-wide hunt for players, not just based on the address books of 2 people who don’t have Newcastle in their souls. What they fail to understand is that NUFC is more than a football club – it’s a big part of the essence of a city and arguably a region.

    And don’t get me started on Kinnear. Alreadt swearing on Football Focus and calling a player by a wrong name. What kind of start is that?

  • macn0ble

    Sep 28, 2008 at 11:45 AM

    Comment #12

    What a load of horses s**t

  • dougnufc

    Sep 28, 2008 at 11:47 AM

    Comment #13


    Any links?


    Sep 28, 2008 at 11:50 AM

    Comment #14

    Anyone watch Sunday Supplement this morning.Some interesting takes on things NUFC and potential “Takeover” suitors.Whilst rival fans have had a field day taking the PI**, there are implications for all clubs in this crisis and if you get the wrong people in for the wrong intentions then your club could be FU**** UP too.Mike Ashley could be coming to a Football Club near you, so beware. (LOL).Questions being asked as to whether the re-appointment of Keegan would be a good thing-or do we need to move on.ED, perhaps you might ask this of the Lads and Lasses who frequent this site??.

  • scottish mag

    Sep 28, 2008 at 11:55 AM

    Comment #15

    if it is true, then watch out for this name

    brian joffe

    he is the chief executive of bidvest which is is one of the largest businesses in south africa,

  • Shot Bru!

    Sep 28, 2008 at 12:09 PM

    Comment #16

    Scottish Mag, you’re quite right and he is the main sponsor of Bidvest Wits in the premier soccer league in SA.( Formerly known as Wits university).

  • Boktoon

    Sep 28, 2008 at 12:15 PM

    Comment #17

    I have lived in Johannesburg for last 15 years – I think this SA company could be Richemont – seems to fit the company business model revamping brands/london based Johann Rupert is the head Rupert family worth 3.3bill USD

  • Punk Skunk

    Sep 28, 2008 at 12:21 PM

    Comment #18

    Isn’t that about the same amount MA’s got in the bank…Outta the fryin’ pan, into the fryin’ pan!..

  • Shot Bru!

    Sep 28, 2008 at 12:26 PM

    Comment #19


    Was Rupert trying to buy blackburn a year or two back and pulled out? If it is SA busunessman living in the UK with SA business interests coul Lakshi Mittal and Mark Shuttleworth be involved


    Sep 28, 2008 at 12:36 PM

    Comment #20

    with all this interest and publicity that the club is generating, you will find this will alert other consortium’s or extremely wealthy businessmen to invest in cheaper clubs with money to burn!! such as Everton, Portsmouth, Spurs etc! The premiership will eventually have clubs owned purely by billionaire businessmen! we need someone with multi billions ! because everyone seems to be jumping on the band waggon!

  • Punk Skunk

    Sep 28, 2008 at 12:38 PM

    Comment #21

    Aye hps,
    in just a few short years, then we’ll have a leveler playin’ field, or maybe not, ‘cos the usual suspects get all the ref breaks all season anyway, do they not?..

  • Shot Bru!

    Sep 28, 2008 at 12:41 PM

    Comment #22

    HPS, this guy Lakshi Mittal is worth £30 billion.

  • Punk Skunk

    Sep 28, 2008 at 12:43 PM

    Comment #23

    Well, they’re gonna have to be minted & prepared to hoy it aboot, or no-ones ganna be happy!..

  • Shot Bru!

    Sep 28, 2008 at 12:50 PM

    Comment #24

    As much as Nando is a wind up merchant, i think his comment on another thread about money ruining football is a valid one.


    Sep 28, 2008 at 12:55 PM

    Comment #25

    Shot bru! – I though Lakshi Mittal is Indian not south african?

  • Punk Skunk

    Sep 28, 2008 at 12:58 PM

    Comment #26

    Shot bru!,
    There’s a lot more money & ruinin’ to go mate…It’s gonna be a pretty drawn out affair!..
    …It could be funny seein’ manure & the like squirming for a while first like…

  • Stardust

    Sep 29, 2008 at 12:22 AM

    Comment #27

    Ed: your quote “That’s some financial reward for almost wrecking our club.”

    By the same token NUFC will be £100million better off as the debt will be clear unless leveraged by the new buyer.

    Surely you the most Anti Ashley man of all must appreciate that being in a position to be £100million beter off after 18months is a good long term move for the club?


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